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This property looks like a bad Mid-Term investment with a projected -7.44% first-year return on $224k initial cash invested.
-7.44%
Cash On Cash
4.61%
Cap Rate
0.77
DSCR
$6,082
Rent
-$1,388
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,082 income − $7,470 expenses = $1,388 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,800
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,082
Total Expenses
$7,470
Mortgage P&I
81%
$4,912
Property Taxes
2%
$148
Home Insurance
6%
$343
HOA
0%
$0
Property Management
12%
$730
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$669